Slaughter and May advised Countrywide plc on its placing of shares

Slaughter and May advised Countrywide plc (Countrywide) on a cashbox placing of up to approximately 9.99% of its existing issued ordinary share capital (the Placing) which raised gross proceeds of approximately £37.8 million. The Placing, which was announced on 9 March 2017, was conducted by an accelerated book-building process. Barclays Bank plc and Jefferies International Limited acted as joint bookrunners in connection with the Placing. The proceeds of the Placing will be used to accelerate Countrywide’s digital rollout to unlock the group’s further cost savings and strengthen Countrywide’s balance sheet.

Supporting Gareth Williams (General Counsel) and Kelly Carmichael (Senior Counsel) of Countrywide, Slaughter and May worked as a team with Paul, Weiss, Rifkind, Wharton & Garrison LLP, who advised Countrywide on the US law aspects of the Placing, and Mourant Ozannes, who advised on matters of Jersey law.

Paul, Weiss, Rifkind, Wharton & Garrison LLP: Mark Bergman,John Satory,Imran Sharih
Mourant Ozannes: Robert Hickling,James Daniel,